Our 2018 Impact Report is here!

For the last 22 years we’ve worked with companies from throughout the nine Bay Area counties, providing hands-on advising, acceleration, and investment. In the past year, our pro bono advisors donated over 1,200 hours, our companies raised over $6.5mm in just one year, and the total number of people employed by our companies grew by 16%, year over year.

We are very proud of our impact, of our metrics, and of the growth of our companies, yet we also know that much more work remains to be done. In this year’s report, we are happy to share our most up-to-date impact numbers, to tell the stories of our dynamic entrepreneurs, and to share a bold vision for a renewed, regional impact.

See all of our metrics, and read the entire report here: impact.icafundgoodjobs.org.

SOCAP Week is here!

Next week is SOCAP week: here’s what’s going on and where we’ll be all week.

Tuesday (10/23) – Join us at a special reception.

On Tuesday, the first day of the SOCAP Conference, join us at Fort Mason in San Francisco for Bridging the Bay Area, a special invite-only reception celebrating our work to bring to bear the transformative power of growth capital, and highlighting the partnerships that make it possible. 

This event will bring together a powerful group of investors, entrepreneurs, ICA Fund Good Jobs alumni, community leaders, and supporters of our work, who all believe in the power of capital to effect lasting change. The reception takes place at the Museo Italo Americano at Fort Mason and starts at 6PM. Click here to receive and invite and join us.

Thank you to our lead reception sponsor, Kapor Center. 

Thursday (10/25) – Ingrid Jacobson talks Investing for Equity.

On Thursday (October 25th) at 1130am Ingrid joins a powerhouse panel titled, "Investing in Local Enterprises for Racial Equity".

Allen Woods, Nwamaka Agbo, Mariel Cedeno, Rodney Foxworth, and Ingrid will discuss how leaders are adopting multiple approaches to build and then reinvest wealth locally. 

The panelists will discuss replicable strategies that recognize the need and opportunities for sharing and redirecting capital to promote equity. 

Read more about the panel here, and be there Thursday. 

All Week – find us at the conference!

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The ICA Fund Good Jobs team will be at SOCAP all week. You'll find us at our booths talking good jobs and entrepreneurship, and featuring some of our portfolio companies. You will also members of the team – including Sean, Ingrid, Kot, Valerie, and Rasheed – at different panels throughout the week. If you're already coming to SOCAP, stop by our booths (33 and 37). If you don't have tickets yet, it's not too late to register.

Dianna selected to 500 Startups Bootcamp

We're happy to share that Dianna Tremblay, Director of Acceleration, has been selected to the 500 Startups Bootcamp for Accelerator Managers (BAM)!

Dianna Tremblay leading a Good Jobs Accelerator session.

Dianna Tremblay leading a Good Jobs Accelerator session.

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Under Dianna's management, our Accelerator companies have raised close to $7M in growth capital, have created and retained over 400 jobs, consistently grown wages year over year, and are run by majority women & people of color management teams. 

The 500 Startups bootcamp is a one week professional development opportunity that focuses on scaling up Accelerator operations and increasing deal flow. (And it kicks off next week.)

Dianna is fundraising to meet the tuition costs and you can join her by backing her Fundly campaign here.

Making inroads in Chicago, an OFN Conference recap.

Last week, CEO, Sean Daniel Murphy, Director of Regional Strategy and Partnerships, Ingrid Jacobson, and Investment Associate, Rasheed Mitchell joined the CDFI community for the Opportunity Finance Network's annual conference, held in Chicago.

At the three day event, the team had opportunity to meet with other CDFI leaders, talk investment strategies, discuss best practices, and more. 

Here are are a couple #OFNCONF highlights:

Sean, Ingrid, and Rasheed at the OFN Conference in Chicago

Sean, Ingrid, and Rasheed at the OFN Conference in Chicago

Sean Daniel Murphy, Michael Jeans, and Catherine Howard on a panel at 2018 OFN annual conference.

Sean Daniel Murphy, Michael Jeans, and Catherine Howard on a panel at 2018 OFN annual conference.

Sean hosts panel with NCCLF and Growth Opportunity Partners

Sean hosted a panel discussion with Catherine Howard of the Northern California Community Loan Fund (NCCLF), and Michael Jeans of Growth Opportunity Partners in Cleveland, titled "Beyond micro-lending: using collaborative growth capital and support to build inclusive economies in which no small biz gets left behind".

The panelists discussed how CDFIs (Community Development Financial Institutions), like ICA Fund Good Jobs, can make a real impact on often overlooked, undercapitalized, and under-served small businesses, by working together to build capital stacks, mitigate risks, and collaborate in all phases of the investment process. The trio also shared strategies, challenges, and learnings for making this sort of work happen. 

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Lisa Mensah talks about ICA Fund Good Jobs in keynote address

Earlier this year, Opportunity Finance Network CEO, Lisa Mensah visited our headquarters in Oakland. After meeting with Sean and members of the ICA Fund Good Jobs team, she toured two of our investment portfolio companies, Firebrand Artisan Breads and Impact HUB Oakland.

In Chicago, at the national conference, Lisa talked about her experience from that day in Oakland – from enjoying a cappuccino at Firebrand, to meeting the employees of our companies and learning the deep impact of our work – much of which she shared with the keynote audience. 

Joining forces with SOCAP to Bridge the Bay Area.

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For over 22 years, we have worked hands-on with hundreds of diverse, high-potential businesses to create good jobs and economic freedom for those who need it most. This year, for the first time, we’re partnering with SOCAP, the world’s premier impact investment and social entrepreneurship conference. And you're invited. 

By joining forces, we are bringing to light the power of our two models and shining a light on the work, achievements, and needs of entrepreneurs in Oakland, San Francisco and the greater Bay Area. We feel that SOCAP’s global network of experienced investors and impact capitalists coupled with our network of high-growth and high-impact, yet sometimes overlooked, businesses are a great match.

And you're invited! As part of the conference, we will host a panel, hold an exclusive reception at the Museo Italo Americano, and have opportunities for our entrepreneurs to attend the conference on our behalf. Additionally we are actively looking for sponsors to support this new partnership. If you'd like to attend the conference, get an invite to our reception, or be a sponsor, please reach out.

JOIN US:

Reign Free Opening New Bear's Lair in Berkeley.

Reign Free, owner of Good Jobs Accelerator company The Red Door Catering, is opening a new restaurant on the University of California campus in Berkeley. The concept, a modern bar and grill, will be the new incarnation of the Bear's Lair, which had previously closed in 2012, and will be run by Reign along with renowned San Francisco chef David Lawrence

Reign and Chef Lawrence are featured in a great write-up in the San Francisco Chronicle. In it Reign talks about the menu (still to be decided but likely to feature, the Impossible Burger, dozens of beers on tap, and fried chicken), the growth of her brand, and future plans. 

Stay tuned for the grand opening of the new Bear's Lair sometime in September, and check out the full Chronicle piece here.